Canadian National Railway Company’s (CNR) “Sector Perform” Rating Reaffirmed at Scotiabank
Scotiabank reaffirmed their sector perform rating on shares of Canadian National Railway Company (TSE:CNR) in a research report sent to investors on Friday morning. Scotiabank currently has a C$87.00 price objective on the stock.
Other analysts have also issued reports about the company. CIBC lifted their price target on Canadian National Railway Company from C$84.00 to C$86.00 in a research note on Tuesday, July 26th. Barclays PLC lifted their price target on Canadian National Railway Company from C$85.00 to C$89.00 in a research note on Monday, September 12th. Raymond James Financial Inc. raised Canadian National Railway Company from a market perform rating to an outperform rating and lifted their price target for the stock from C$82.00 to C$92.00 in a research note on Tuesday, July 26th. Desjardins reaffirmed a hold rating and issued a C$86.00 price target on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$90.00 price target on shares of Canadian National Railway Company in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$87.04.
Shares of Canadian National Railway Company (TSE:CNR) opened at 85.76 on Friday. The stock has a market cap of $66.17 billion and a price-to-earnings ratio of 18.91. The firm has a 50-day moving average price of $83.54 and a 200-day moving average price of $80.12. Canadian National Railway Company has a 1-year low of $66.62 and a 1-year high of $86.15.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.375 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.50 annualized dividend and a dividend yield of 1.75%.
About Canadian National Railway Company
Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.
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